More than 200 pieces of equipment used by the German shoe maker Peter Kaiser are being auctioned. The online procedure started on May 4 and is organized by the Hamburg-based auction house Lüders & Partner.
The company went into insolvency on Dec. 1, after filing an application with the Pirmasens District Court on Sept. 14. The managing director, Stefan Frank, and the investors Hans-Joachim and Gisela Sander, from the founding family of the Darmstadt-based hair care giant Wella Group, agreed to buy the brand and other assets of Peter Kaiser Schuhfabrik GmbH and Peter Kaiser Retail GmbH. However, they declined to take over the German manufacturing site in Pirmasens.
Peter Kaiser Schuhfabrik, the oldest shoe factory in Germany, was established in 1838. Production stopped in February.